Generating Models for Innovation Development Strategy of the Industrial Complex with References to Its Management, Structure and Policies

Boris, Olga A.; Parakhina, Valentina N.; Rebiy, Elena Yu.; Timoshenko, Pavel N.; Shelkoplyasova, Galina S.

doi:10.1007/978-3-030-15160-7_62

“…The transformation from a traditional economy to a digital economy comes to the forefront when the country's conventional growth factors, such as natural resources, low labour costs, and foreign investments reach their limits. Considering the new realities of the modern world, many countries develop policies and action plans for stimulating investments in innovation and new technologies (Boris et al, 2018;Pianta et al, 2020;Sara, 2001;Hadad, 2017). On the other hand, to stay competitive in a global world where digitisation is a common trend, companies must invest in the digital transformation of their business processes to reach a better efficiency level, as digitisation provides a lot of opportunities to improve the production and business processes (Lv & Xiong, 2022).…”

Section: Discussion Conclusion and Recommendationsmentioning

confidence: 99%

EDAMBA 2023: Conference Proceedings

2024

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The world is changing. These words from the bestseller The Lord of the Rings now might be applicable to our new economic reality more than on the regular business days. Even though economy appears to be able to bounce back from any major disturbances for now, we face accelerated pace of crises breakouts -wars, rebellions, indebtedness, deterioration of skills, inflation, pandemics. The resilience of the system thus gradually becomes a good study area.

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“…We have considered three possible panel data models: pooled OLS, Fixed effects and Random effects. For both models, the fixed effects method was chosen as it was the best fitting model for estimating the coefficients in equation (1) and equation (2) according to the Lagrange multiplier (LM) test for comparing pooled-OLS and Random Effects estimation methods, and Hausman test for comparing the appropriateness of random effects and fixed effects methods. Table 1 presents the estimation results for equation (1) and equation ( 2) with a fixed effects model.…”

Section: The Influence Of Digitisation On the Productivity Of Enterpr...mentioning

confidence: 99%

“…The transformation from a traditional economy to a digital economy comes to the forefront when the country's conventional growth factors, such as natural resources, low labour costs, and foreign investments reach their limits. Considering the new realities of the modern world, many countries develop policies and action plans for stimulating investments in innovation and new technologies (Boris et al, 2018;Pianta et al, 2020;Sara, 2001;Hadad, 2017). On the other hand, to stay competitive in a global world where digitisation is a common trend, companies must invest in the digital transformation of their business processes to reach a better efficiency level, as digitisation provides a lot of opportunities to improve the production and business processes (Lv & Xiong, 2022).…”

Section: Introductionmentioning

confidence: 99%

Digitization and Enterprise Efficiency in Selected EU Countries

Mészáros

2024

EDAMBA 2023: Conference Proceedings

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Digitization of enterprises becomes very popular recently. Companies should invest in digital transformation of their business processes to reach better efficiency level in order to stay competitive. My study analyses digital transformation on an enterprise level done for Denmark, Netherlands, Finland, Poland, Slovak Republic and Hungary, as well as the impact of digitization on enterprise efficiency in these countries. The results show a large digital gap between selected EU member states. Regarding results obtained, Denmark, Finland and Netherlands have a high level of digitization of both public and private sector. On the other hand, Slovakia, Hungary and Poland have significantly lower level of digitization. We can assume that reasons for such a digital gap observed are the low level of accessibility of digital infrastructure, lack of investments in the integration of digital technology, lack of training of personnel for developing the necessary human capital and the absence of the required business culture in Hungary, Slovakia and Poland. To accelerate the digital transformation of the private sector, Hungary, Slovakia, and Poland will need to make significant investments to improve access to digital infrastructure and enhance people's ICT skills. Results from the panel data fixed effects regression analysis showed that digital transformation of the private sector, especially regarding skilled human capital and successful integration of digital technology, supported by a high level of digital public services, is the way to improve labor and capital productivity in the country.

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